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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets:    
Cash and cash equivalents $ 159,247 $ 222,690
Restricted cash 1,366 1,875
Due from clearing brokers 31,867 51,334
Securities and other investments owned, at fair value 341,770 809,049
Securities borrowed 64,004 2,870,939
Accounts receivable, net of allowance for credit losses of $7,941 and $7,175 as of September 30, 2024 and December 31, 2023, respectively 91,506 101,036
Due from related parties 189 172
Loans receivable, at fair value (includes $98,292 and $378,768 from related parties as of September 30, 2024 and December 31, 2023, respectively) 151,704 532,419
Prepaid expenses and other assets (includes $3,237 and $11,802 from related parties as of September 30, 2024 and December 31, 2023, respectively) 201,688 241,862
Operating lease right-of-use assets 79,848 87,167
Property and equipment, net 43,422 25,206
Goodwill 498,377 466,638
Other intangible assets, net 187,185 198,245
Deferred income taxes 13,402 33,631
Assets of discontinued operations 291,701 438,341
Total assets 2,157,276 6,080,604
Liabilities:    
Accounts payable 54,522 43,992
Accrued expenses and other liabilities 228,698 252,876
Deferred revenue 61,354 70,575
Due to related parties and partners 4,112 2,480
Securities sold not yet purchased 2,450 8,601
Securities loaned 54,814 2,859,306
Operating lease liabilities 90,569 98,088
Notes payable 29,915 19,391
Loan participations sold 3,963 0
Revolving credit facility 13,681 43,801
Term loans, net 490,650 625,151
Senior notes payable, net 1,529,560 1,668,021
Liabilities of discontinued operations 19,210 28,756
Total liabilities 2,583,498 5,721,038
Commitments and contingencies
B. Riley Financial, Inc. equity (deficit):    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 4,563 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively; and liquidation preference of $114,082 as of September 30, 2024 and December 31, 2023 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 30,499,931 and 29,937,067 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 3 3
Additional paid-in capital 588,048 572,170
Accumulated deficit (1,084,728) (281,285)
Accumulated other comprehensive (loss) income (906) 229
Total B. Riley Financial, Inc. stockholders’ equity (deficit) (497,583) 291,117
Noncontrolling interests 71,361 68,449
Total equity (deficit) (426,222) 359,566
Total liabilities and equity (deficit) $ 2,157,276 $ 6,080,604